Liquidate entire portfolio until virus is over?

worldtraveller

ProDave said:

Is anyone calling the bottom yet and buying back in?

My previous level for investing some cash reserves back into a tracker fund was 35% from peak in the FTSE All Share, which I did last week. My next, if it comes, is scheduled for 40%. All of mine are staged. My first was scheduled at 25% from peak (actual 27%), so a bit premature, but of no concern in the medium/long run. I'm personally not interested in holding for one big reinvestment, but we all have our own plans.

Bravepants

My regular £1000 contribution into my S&S ISA went in as usual yesterday.

Be brave when everyone else is running scared.

masonic

ProDave said:

Is anyone calling the bottom yet and buying back in?

That this is the bottom won't be a popular view with those who were selling their equities on 16th March when markets were over 5% lower than today.

FWIW I rebalanced and invested some new money on 18th March at a lower level than today, but I have Interactive Investor's regular investing service to thank for the timing. I shall do the same in a couple of weeks. I've no idea what markets will do in the short term, it's in my interest that they go lower since I am a net buyer.

MaxiRobriguez

I suspect we've not seen the bottom yet but I'm still buying. Quite happy for the markets to go lower still as it won't change what I'm buying, just mean I chuck as much as I can muster at it if it we see 50-60% drops. 

EdGasketTheSecond

Bravepants said:

Be brave when everyone else is running scared.

I really wish people would stop mis-quoting that. It was meant mean invest in undervalued companies in a market where value was good. At the moment shares are still in an inflated bubble and throwing money at it, far from being brave is just being plain stupid.

masonic

EdGasketTheSecond said:

Bravepants said:

Be brave when everyone else is running scared.

I really wish people would stop mis-quoting that. It was meant mean invest in undervalued companies in a market where value was good. At the moment shares are still in an inflated bubble and throwing money at it, far from being brave is just being plain stupid.

Just out of interest, and since you saw all this coming, what market level do you think represents fair value from here? 20% lower than today, 50%, 80%??

Prism

EdGasketTheSecond said:

Bravepants said:

Be brave when everyone else is running scared.

I really wish people would stop mis-quoting that. It was meant mean invest in undervalued companies in a market where value was good. At the moment shares are still in an inflated bubble and throwing money at it, far from being brave is just being plain stupid.

If you are an active investor it means finding those currently undervalued companies that will survive and recover quickly, or more likely paying a fund manager to do that for you while you 'throw money' at them.
I imagine many passive investors are still using regular monthly contributions into their pension funds without a worry about the markets - there are more important things like keeping safe and keeping your job.

Bravepants

EdGasketTheSecond said:

Bravepants said:

Be brave when everyone else is running scared.

I really wish people would stop mis-quoting that. It was meant mean invest in undervalued companies in a market where value was good. At the moment shares are still in an inflated bubble and throwing money at it, far from being brave is just being plain stupid.

I'm a passive investor with "shares" in many thousands of companies. Where do you suggest I start?

Thrugelmir

Prism said:

EdGasketTheSecond said:

Bravepants said:

Be brave when everyone else is running scared.

I really wish people would stop mis-quoting that. It was meant mean invest in undervalued companies in a market where value was good. At the moment shares are still in an inflated bubble and throwing money at it, far from being brave is just being plain stupid.

I imagine many passive investors are still using regular monthly contributions into their pension funds without a worry about the markets - there are more important things like keeping safe and keeping your job.

Still need to keep an eye on where the money is being invested. Markets is a generic term. There's over 3,500 indexes worldwide one can track. 

Bravepants

Interesting article on Monevator:

https://monevator.com/what-has-changed-and-what-has-not/